LYC 0.33% $6.07 lynas rare earths limited

I don’t see any mention of a court? Happy to be corrected. 3...

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    I don’t see any mention of a court? Happy to be corrected.

    3 January 2019
    LYNAS APPEALS CONDITION IMPOSED ON 4 DECEMBER 2018
    Further to the ASX announcement of Lynas Corporation Ltd (ASX:LYC, OTC:LYSDY) dated 5 December 2018, Lynas Malaysia has today filed an appeal pursuant to the Atomic Energy Licensing Act 1984 in respect of the decision communicated in a MESTECC press statement and in a letter from the Deputy Director of the AELB dated 4 December 2018. That decision purported to impose a new condition to the renewal of Lynas Malaysia’s operating licence which is due on 2 September 2019. As noted in the Lynas ASX announcement dated 5 December 2018, the new condition requires the export of Lynas Malaysia’s Water Leach Purification (WLP) residue out of Malaysia before 2 September 2019.

    https://www.lynascorp.com/Shared Do...dition Imposed on 4 December 2018 1887499.pdf

    Lynas remains confident of a resolution to the remaining issues related to our WLP residue, which is classified as very low level radioactive material under International Atomic Energy Agency (IAEA) guidelines, and we continue to work with the Malaysian government seeking agreement to conditions for the renewal of our operating license which is due on 2 September 2019. At the same time, Lynas is continuing to progress the formal appeal announced on 3 January 2019. The appeal hearing date has been set for 28 June 2019 and we will keep shareholders updated on both our ongoing discussions and on the appeal process.

    https://www.lynascorp.com/Shared Do...019/190621 Letter to Shareholders 1940523.pdf
 
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